Why Starbucks Failed In Australia

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Starbucks can be found all over the world, from Shanghai to Guantanamo Bay. But there is one continent that was uninterested in the coffee giant. Australians largely rejected Starbucks' attempted takeover, which led to an embarrassing retreat for the brand.

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Walmart made headlines in July 2018 when Nikkei Asian Review reported that the company was looking to sell its Japanese subsidiary, Seiyu. Walmart told CNBC it will continue doing business in Japan, but company filings show that it has closed more than 100 Seiyu stores in recent years.
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Why Walmart Is Failing In Japan | CNBC

In this episode of Open Door, Grammy-winning record producer and DJ Zedd gives an in-depth tour of his $16 million mansion in Benedict Canyon, an area of Los Angeles that's near Sherman Oaks and northwest of Beverly Hills. Zedd's self-decorated home is 9,500 square feet with views of the canyon and tons of full-length glass windows.
See photos and read the full interview here: http://archdg.co/x3PLMMq
The house is structured into three sections: work, living, and sleep. The work section has Zedd's recording studio and an unfinished gym.
The driveway leads into the front entrance, which crosses a moat.
A huge wall with cubbies holds art, awards, and silly memorabilia. For instance, Zedd's Grammy sits next to a poop emoji.
At the end of a corridor, before going outside, guests can pick their favorite flavor of the rainbow from the Skittles machine.
Zedd also has a server room and a "Costco Room" that contains just about anything he would need if he weren't able to leave the house for a long time.
The bathrooms feature automated blinds that can sometimes surprise the person taking the shower early in the morning.
The remote-controlled curtains in Zedd's bedroom make him the happiest of any feature in the house.
Outside, the pool has a hidden jacuzzi / hot tub that's revealed when the pool's water level drops.
The kitchen has four built-in hibachi grills, a pot filler above the stovetop (which Zedd says is the reason he bought the house), and built-in vacuums.
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Inside Zedd's $16 Million Mansion That Has a Skittles Machine | Open Door | Architectural Digest

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I’m tall. Most of the people in my family are tall. Does that mean my son will be tall? Turns out the inheritance of height is a lot more complicated than we thought. Scientists know that nature (genes) and nurture (environment) both play a role, but after more than a century of questions, we’re only just now starting to get some answers
REFERENCES:
Fryar, C.D. et al. (2016). Anthropometric reference data for
children and adults: United States, 2011–2014. National Center for Health
Statistics. Vital Health Stat 3(39).
NCD Risk Factor Collaboration. (2016). A century of trends in adult human height. eLife
5:e13410.
Visscher, P.M. et al. (2007). Genome partitioning of genetic variation for height from 11,214 sibling pairs. American Journal of Human Genetics 81:1104–10.
Zimmer, C. (2018). She has her mother’s laugh: The powers, perversions, and potential of heredity. New York: Dutton. http://bit.ly/2xi5H0M
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It's a weighty issue.
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Pretty much every country in the world uses the metric system for measurement — having a universal system would be like having a common language across the world, making it easier to communicate, trade and invest. So why doesn’t the US want to commit to the metric system? Technically, it already has — it’s officially the “preferred system of weights and measures for United States trade and commerce”. But the change has never been made compulsory for everyone, so most of the country continues to use the imperial system.
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Bureau International des Poids et Mesures https://www.bipm.org/en/measurement-units/
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Greg Furstenwerth was an early adopter of the Tesla Model S, but once the car was out of warranty he had a hard time getting the parts and service he needed. So he took on the repairs himself, and found it surprisingly easy. "If you can put together Legos you can put together a Tesla.”
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In this episode of 'Price Points', Epicurious challenges coffee expert Dillon Edwards of Parlor Coffee to guess which coffee is more expensive. Edwards breaks down roasts (dark roast vs light roast), processing, freshness, varietals, and source. For each element, the connoisseur looks at and tests each coffee before guessing which coffee costs more. Once the prices are revealed, Edwards explains why a specific coffee costs more and dives into specifics on how each coffee is made.
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How do you lead someone who knows what they need to do to change their life but—despite all your help—isn’t going to do it?
Brian Fretwell was confronted with this scenario repeatedly during his time as a teacher in the chemical addictions unit of a juvenile corrections facility. The honesty of a 15-year-old meth addict, and the wisdom of a mentor, reframed Brian’s definition and practice of leadership. Brian Fretwell helps people realize their value. He began his professional career as a teacher in juvenile corrections, empowering disenfranchised kids to do things they didn’t believe they could. From the Australian Outback to the Arctic Circle, today Brian teaches individuals, teams, and companies how to draw out their hidden potential. He got an MBA, ran a 100-mile ultra-marathon, overcame his fear of flying, and wrote a book because he didn’t think he could do any of them—and being a hypocrite isn’t his style.
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx

Join me for a tour of the World's First and Only BBJ Boeing 787 Dreamliner in VVIP Configuration operated by Deer Jet.
This Private Boeing 787 was opened for display during the Dubai Air Show 2017. It is managed by UAS International Trip Support, the exclusive global charter management of the “Dream Jet”.
For full information, please visit my blog:
https://samchui.com/2017/11/14/inside-worlds-private-dreamliner-bbj-b787/
What do you think of this private VVIP Boeing 787 Dreamliner "Dream Jet"?
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Every bowling lane has a hidden oil pattern. In this episode of Vox Almanac, Phil Edwards finds out what that means. Follow Phil Edwards and Vox Almanac on Facebook for more: https://www.facebook.com/philedwardsinc1/
Every lane has a pattern. In this episode of Vox Almanac, Phil Edwards explores how they change the game.
Bowling isn’t just about a great ball and good form — if you want to understand the sport, you have to understand the lane.
Every bowling lane, including the one in your neighborhood alley, is coated with an oil pattern to protect the wood. But these patterns aren’t just for protection — the way in which oil is applied to the lane can affect the speed and direction of your ball.
These patterns are so important that recreational bowlers and professional bowlers bowl on vastly different patterns — the Professional Bowlers Association (PBA) even classifies the patterns it uses in tournaments.
Phil Edwards met with professional bowler Parker Bohn III at his childhood bowling alley, Howell Lanes in Howell, New Jersey. He guided Phli through the complex strategy a pro bowler uses when encountering different oil patterns. Not only do they have to assess which pattern is in use, but they also have to judge how that pattern changes as the oil shifts and slides over the day. Knowing how to play a specific lane can be the difference between a title and second place.
But these patterns aren’t just for the pros — they’re relevant to recreational bowlers as well. Watch the video to see how you can use these patterns to step up your game.
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Before Amazon challenged Barnes & Noble the brick-and-mortar bookseller was one of the most prolific American chains during the twentieth century.
This holiday season could be the most crucial one of Barnes & Noble's history.
Its sales have been in a decline for six years as the bookseller cedes market share to Amazon and consumers turn to their phones or portable tablets instead of books. There's been a revolving door in the retailer's C-suite, and activist investors have piled on. Now, Barnes & Noble is considering a sale of its business after receiving interest from a handful of parties, including its so-called modern-day founder and executive chairman, Leonard Riggio, and reportedly, U.K. retailer W.H. Smith.
Barnes & Noble must prove it can deliver sales growth in its core book business this holiday season. The retail industry as a whole is expected to benefit from strong consumer spending, with the average American household expected to spend $1,536 through the holidays, according to a survey by Deloitte. That's up 25 percent from a year ago. If Barnes & Noble can't grow sales against such a healthy, economic backdrop, the company could ultimately head down the same path as its former rival Borders, or shuttered Toys R Us or Sears, which is in bankruptcy court.
All things considered, Barnes & Noble is feeling "highly anxious" and somewhat "paranoid" this holiday season, Riggio told CNBC.
"We've done a lot of things this year to try to put ourselves on the right track and to get our comp-store sales number to head in the positive direction, ... and we are hoping that that comes — we are planning for it to come — during this holiday season."
The company will report its fiscal second-quarter earnings on Nov. 20, where it could say more about expectations for its holiday quarter. In September, without giving a specific range, Barnes & Noble said it expected "improving sales trends, positive comps during the holiday period, better gross margins, and continued expense reductions" for the remainder of the year. Analysts surveyed by Refinitiv predict same-store sales for fiscal second quarter will be down 1.75 percent, but then moderate in the holiday quarter, its fiscal third quarter ending Jan. 19, to drop only 0.25 percent.
Last holiday season, the bookseller's sales tumbled more than 6 percent, with e-commerce sales also in the red. After the dismal results, the company slashed its staff.
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This Holiday Season Could Seal Barnes & Noble's Fate As The Bookseller Considers Selling Itself

What vending machines can teach you about this country
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While in Japan I noticed vending machines everywhere. Looking into it a little deeper a discovered that there's a very interesting answer to why Japan has so many vending machines. It's an economic story but it's also a story about how Japanese society values robotics and automation.
I even found a business card vending machine: https://youtu.be/Ogb7FyzQhbk
Vox Borders is a new international series focused on telling the human stories that emerge from lines on the map. Johnny will travel to six border locations to produce a final set of documentaries. While he travels he'll release dispatches on YouTube and Facebook documenting his experiences. Learn more: http://www.vox.com/borders-dispatch
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Uber faces fierce competition across the globe and given Softbank's many investments in ride-sharing companies, the line between friend and foe is often blurred. CNBC's Uptin Saiidi explains.
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For years now the real estate discussion has been all about rising house prices in Sydney and Melbourne and how hard it is to buy a house or find an affordable rental. But not any more.
Some are predicting that we're at the start of what could be the deepest and longest property downturn in Australia's history.
For Part 2, click here: https://youtu.be/LIYhJ0VifKI
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Frantic but functional, Mumbai is India’s economic powerhouse. Located on the country's west coast, it's home to about 21 million people living in the fast lane. CNBC's Tom Chitty explores the nation's most populous city on the first stop of his journey through India.
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Ford is the oldest U.S. automaker. But new technology and changing consumer preferences could put the century-old company in jeopardy.
These days, Ford Motor can't seem to please investors. Shares of the automaker are down around 25 percent this year, even though Ford remains a profitable company with an iconic brand and a solid footing in some of the fastest-growing automotive segments.
U.S. rivals General Motors and Fiat-Chrysler have managed emerge from bankruptcy to impress the industry and investors alike. But Ford, the company that to American ears is practically synonymous with the history of the automobile, is widely seen as being very much in the middle of a turnaround.
The company's third-quarter earnings surpassed expectations, even though they were down from the same quarter in 2017. As of Monday's premarket, shares have climbed 16 percent since the release of the latest earnings report on Oct. 24, but they are still trading below $10 a share, while GM's shares hover around $38 a share.
The automaker has shown strong performance in North America but continues to struggle internationally. Its South American business has not made money for years, and Ford said in late October that its businesses in China and Europe had "deteriorated." This contrasts with GM, which sold off its European business and is doing rather well in China.
To be sure, Ford is taking action to reverse its fortunes.
The company has separated its China business from its Asia-Pacific segment and hired an executive to run just that region. Ford's primary problem in China has been an inability to keep up with the rapidly changing consumer tastes of the Chinese market, said IHS analyst Stephanie Brinley. Ford recently released a new SUV just for the country called the Territory, and is planning to put out several more vehicles to refresh its lineup there.
It has also said it will undergo an $11 billion restructuring that will cut jobs from its salaried workforce of 70,000 employees.
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Ford's Fight To Remain An American Icon

Graphene is a form of carbon that could bring us bulletproof armor and space elevators, improve medicine, and make the internet run faster — some day. For the past 15 years, consumers have been hearing about this wonder material and all the ways it could change everything. Is it really almost here, or is it another promise that is perpetually just one more breakthrough away?
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Bill Gates had an early start to his career at 17 years old. Bill Gates is currently the world's second richest person with a net worth of over $93 billion. In 1975, childhood friends Bill Gates and Paul Allen founded Microsoft and went on to create the operating system for IBM's first personal computer. Although Gates loves his luxury vehicles, he says his primary concerns are global warming and putting an end to polio.
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How Bill Gates Makes And Spends His Billions

Oslo is the Tesla capital of the world.
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I spent a day in Oslo before traveling to Svalbard, and noticed that there were Teslas everywhere. Upon further investigation, I learned that the Norwegian government heavily incentivizes ownership of electric cars: Tesla doesn't pay a sales tax on the models it sells, electric car owners are exempt from automobile tolls, and they can charge their vehicles for free. The catch is that Norway funds these initiatives through its sovereign wealth fund, which is almost entirely comprised of profits from Norway's oil and fossil fuel exports.
Vox Borders is a new international series focused on telling the human stories that emerge from lines on the map. Johnny will travel to six border locations to produce a final set of documentaries. While he travels he'll release dispatches on YouTube and Facebook documenting his experiences. Learn more: http://www.vox.com/borders-dispatch
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5G is a new, faster network with the potential to completely transform the internet. So what makes it so revolutionary? CNBC’s Tom Chitty explains.
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To the average buyer, airline ticket prices appear to fluctuate without reason. But behind the process is actually the science of dynamic pricing, which has less to do with cost and more to do with artificial intelligence. CNBC's Tom Chitty explains.
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America grew from a colony to a superpower in 200 years.
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2:07 Correction: Cuba seceded from the US in 1902.
With over 800 military bases around the globe, the US is easily the most powerful nation on earth. But it wasn't always this way. The US once played an insignificant role in global affairs. In this 8-minute video, you can see the transformation.
Military budget data: https://www.nationalpriorities.org/campaigns/military-spending-united-states/
US foreign bases based on David Vine's book, "Base Nation" http://www.davidvine.net/base-nation.html
Troop numbers: "Total Military Personnel and Dependent End Strength By Service, Regional Area, and Country". Defense Manpower Data Center. November 7, 2016.
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In this video I look at some of the most complex international border. Of course, there are more complex borders in the world, but this video looks at some of my favourites.
I look at the 3 enclaves countries of the world: Vatican City, San Marino and Lesotho. As well as Campione d'Italia, an Italian exclave which is an enclave of Switzerland.
I then take things up a notch and look at enclaves within enclaves. The town of Baarle which is in the Netherlands and Belgium is an incredibly complicated border. But not quite as much as the Cooch Behar region of India and Bangladesh.
This is followed by a look at the odd situation of Bir Tawil, the only unclaimed land on Earth outside of Antarctica (which is itself a place for complex borders!)
I finish off the video by looking at the island of Cyprus, which may look like a borderless island, but is in fact far from it!
**COPYRIGHT INFORMATION**
*IMAGES*
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Car parked on International border (Tarun Chandel) - http://photos.tarunchandel.com/
Baarle images (Stephen Eustace) - http://www.flickr.com/photos/seustace2003
*MUSIC*
Background music is royalty free and licensed under Creative Commons: By Attribution 3.0
Five Card Shuffle
Kevin MacLeod
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Christian Louboutin's trademark red-bottomed shoes have become iconic. Beyoncé wore a custom pair of boots for her Coachella performance, and Cardi B slipped on a pair of "bloody shoes" for her "Bodak Yellow" music video. But why do these heels cost hundreds, and sometimes thousands, of dollars?
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Following is a transcript of the video:
Narrator: What makes these shoes worth almost $800? Christian Louboutin is the mastermind behind these iconic red-bottomed shoes. It's safe to say his footwear has stepped into the mainstream. Celebrities all over the world wear them.
"You know the ones with the high heels and the red bottoms?"
♪ These expensive, these is red bottoms ♪ ♪ These is bloody shoes ♪
Narrator: Louboutin even had the red bottoms trademarked. The signature Louboutin pumps, start at $695. The most expensive pair, nearly $6,000. So how did this craze start? Christian Louboutin had the idea for red soles in 1993. An employee was painting her nails red. Louboutin snagged the bottle and painted the soles of a prototype shoe. Just like that, the red soles were born.
So, what makes these shoes worth the cost? In 2013, when the New York Times asked Louboutin, why his shoes are so expensive, he blamed production costs. Louboutin said, "It's expensive to make shoes in Europe." From 2008 to 2013, he said his company's production costs had doubled as the euro strengthened against the dollar, and competition increased for quality materials from factories in Asia.
David Mesquita, the co-owner of Leather Spa, says craftsmanship also plays a part in the shoes' high price tag. His company works directly with Louboutin to repair its shoes, repainting and replacing the red soles.
David Mesquita: I mean there's a lot of things that go into the design of a shoe, and the making of a shoe. Most importantly, I think is, who's designing it, who's manufacturing it, and also what materials they're using to make the shoes.
Whether you're talking about feathers, rhinestones, or exotic materials, there's so much attention to detail that they put into their manufacturing and designing of their shoes. Narrator: For instance, these $3,595 Louboutins are embellished with Swarovski Crystals. And these raccoon fur boots cost $1,995. When it all comes down to it, people are paying for the status symbol.
Producer Spencer Alben bought a pair of Louboutins for her wedding.
Spencer Alben: It makes me sound so stuck up, but I love the red soles because it's such like a fashion icon symbol. There's something about them that when you see them in a picture, you instantly know what those are. So it's like a status symbol I guess, which makes me sound terrible.
They were over $1,000, which when I say that now, is insane for one pair of shoes that you're probably never gonna wear again. It's like something that everyone knows, so the second you see the red bottoms, it's like, I know what those are, I know what those cost. And it's so superficial that we care about that, but it really is something that is universal. You see that and you instantly know what those are, and it's something special. So I think, something as silly as the color of the sole on the shoe, makes them so special, because it's universally identifiable.
Narrator: Would you drop $1,000 for red-bottomed shoes?

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